That job pays how much?

INC. THIS MORNING That job pays how much? Good morning, Businesses in New York City are facing a new pay transparency law that will likely cause strife among current employees. Starting May 15, employers with four or more employees are required to list minimum and maximum salaries on all job opportunities. As written, the law impacts approximately 200,000 businesses and 30,000 nonprofit organizations across the five boroughs. Other states, including California, Colorado, Connecticut, Maryland, Nevada, Rhode Island, and Washington have some sort of pay transparency laws already in effect, and it’s likely more will follow. It likely won't be an easy transition for businesses, and many are worried about the bill rattling current employees, and prompting them to inevitably question how ranges offered to job candidates relate to their own compensation. However, there are ways businesses can get ahead of the law and help employees feel more comfortable with their pay. Read on for what you need to know about [preparing for radical pay transparency](. SPONSORED CONTENT [Only once, there’s Demetrix]( Science and nature team up for [access to rare ingredients](. Have a question for AptDeco? Join today at 1 PM ET Reham Fagiri of AptDeco is Inc.’s next guest for the Your Next Move web series. [Leave a question in registration]( and she may answer it live. Applications are open for Female Founders 100 -- Final Deadline: May 6 Our annual list celebrates the most inspiring, creative, tenacious, and trailblazing women in entrepreneurship. [Apply now](. HERE'S WHAT ELSE I'M READING TODAY: No one's immune from being hacked--especially not a high-profile Olympian like [Simone Biles](. –Inc. The rise of [flexible work arrangements]( comes with one risky drawback. –Inc. Related: In the hybrid era, it may be time to reassess the way organizations are structured. That might mean [eliminating teams]( all together. –HBR After snagging two star athletes as investors, [this app]( is now tackling the mental health space. –Inc. Too many leaders think of talent management as a win-lose scenario, but it’s actually better to [focus on employee satisfaction]( during a labor shortage. –Fast Company ONE MORE THING: Want to really connect with a colleague or job candidate? Try [taking a hike together](. –Inc. --Brit Morse Associate editor, Inc.com How are we doing? Send me ideas and feedback on Twitter at [@britnmorse](. Join the visionaries who choose Inc. as their trusted source for the most accurate reporting on business. [Join Inc. Unlimited today.]( [Click here]( to forward to a friend. This email was sent by: Mansueto Ventures 7 World Trade Center, 29th Floor New York, NY, 10007, [Unsubscribe]( • [Update Profile]( • [View in Browser]( • [Privacy Policy](